Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

LaSalle Hotel Properties Prices Public Offering Of 8 Mln Shares At $23.70/Share

RELATED NEWS
Trade LHO now with 

LaSalle Hotel Properties (LHO: Quote) announced that it has priced public offering of 8 million common shares at $23.70 per share. The company also granted the underwriters an option to buy additional 1.2 million common shares.

The company intends to use offering net proceeds to fund all or a portion of the cost of future hotel acquisitions, to reduce amounts undercredit facility and for general corporate purposes.

Citigroup and Raymond James are acting as joint book-running managers. BMO Capital Markets is acting as lead manager, Deutsche Bank Securities, RBC Capital Markets and Wells Fargo Securities are acting as senior co-managers and BB&T Capital Markets, Piper Jaffray, PNC Capital Markets LLC and RBS are acting as co-managers.

Click here to receive FREE breaking news email alerts for LaSalle Hotel Properties and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Oracle Corp. said Thursday after the markets closed that its first quarter profit fell slightly from last year, hurt mainly by higher income tax expenses even as revenue increased 3%. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations as did its quarterly revenue. After ending the previous session mostly higher following the Federal Reserve's monetary policy announcement, stocks saw further upside during trading on Thursday. The gains on the day lifted the Dow and the S&P 500 to new record closing highs. Incumbent Colorado Sen. Mark Udall, D-Col., trails his Republican challenger in the latest Quinnipiac University poll, with more than a third of likely voters describing their U.S. Senate vote as a vote against President Barack Obama.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.